A Wealth-Requirement Axiomatization of Riskiness
We provide an axiomatic characterization of the measure of riskiness of gambles (risky assets) introduced by Foster and Hart (2009). The axioms are based on the concept of “wealth requirement”.
|Date of creation:||14 Jun 2011|
|Date of revision:|
|Contact details of provider:|| Postal: Feldman Building - Givat Ram - 91904 Jerusalem|
Web page: http://www.ratio.huji.ac.il/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Sergiu Hart, 2011.
"Comparing Risks by Acceptance and Rejection,"
Journal of Political Economy,
University of Chicago Press, vol. 119(4), pages 617 - 638.
- Ignacio Palacios-Huerta & Roberto Serrano & Oscar Volij, 2003.
"Rejecting Small Gambles Under Expected Utility,"
Economics Working Papers
0032, Institute for Advanced Study, School of Social Science.
When requesting a correction, please mention this item's handle: RePEc:huj:dispap:dp577. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tomer Siedner)
If references are entirely missing, you can add them using this form.